The financing campaign began on August 30, following a successful pre-sale of crypto-assets that managed to sell 1.8 million chips in 15 minutes, completely exceeding the expectations of the community, and ended on 19 September.
Now, thanks to this funding, the company will develop a prototype for the public, which can be tested by all users and stakeholders of the financial ecosystem with a view to their own estimation of the scope of the network. In this way, each investor can test the terrain of international transactions person-to-person and gauge the near future of this payment processing application .
After testing the prototype, the firm will open a new Initial Currency Offering in order that the largest number of users of the web can participate in a long-range investment based on experience and personal opinion.
There is no data yet on the date of the upcoming crowdfunding event, but the plan is being announced by company executives such as Mike Gorden -CEO of Transmission- who said on his Twitter account that entrepreneurship is a " project in progress ".
As for the official statements of the company, the Transmission Twitter account recently published that the team is working to make the prototype of the platform come to the public before 2018 :
Transmission is an initiative dedicated to multiple international transfers , specializing in currency conversions between cash and CIF, instant transactions worldwide and more reliable and secure settlements.
In this way, the platform is designed as an interface that allows the connection between people from any part of the world with the objective of depositing, withdrawing and transferring money from their own bank accounts and convert it to crypto currencies using only a cell phone .
The firm offers a free transfer and conversion of funds, as well as allows to make automated payments and configured in a personal way for the purpose of liquidating accounts and payments of public services of customers on a stipulated date.
Each user will work with his own account in the Transmission network where he can transparently handle all transactions of his interest under 1% commissions. That is, a quota that is 7 times lower than other services in the blockchain ecosystem , such as exchange houses.
Transmission also has a system of trust agents, which are intended to prevent illegal activities, theft of money between users or any loss of funds due to system failures; thus ensuring the capital of its investors.
The platform will work with 14 fiat currencies, including the euro, the US dollar, the Swiss franc and the Canadian dollar, aiming to fill an ever-widening international demand. On the other hand, in the case of cryptographic currencies, the network offers exchanges in bitcoin , litecoin, ripple and ethers; but if business develops as expected, users will be able to count on a wider range of cryptographies in the future.
The team behind Transmission has 6 enthusiasts from the world of cryptographic coins, including Mike Gordon, Rama Rao and Jack Carter, as well as 3 advisors specialized in artificial intelligence, blockchain and the business sector. The company has test divisions in Geneva, Hong Kong and Palo Alto, and is working to join 50 other countries around the world .
This is a platform that is committed to an increasingly globalized and distributed future, where cryptographic economies have the possibility of modernizing, transforming and facilitating the daily lives of human beings; opening a new possibility of business person to person under schemes of security and comfort repotenciados.
